Just woke up to find Aussie still has not dropped---- after the worst employment miss in recent history. This is what is so vexing about forex. Even when you are right, you can still be wrong.
Regards,
Regards,
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DislikedI keep my longs from 9883 comfortably.
Good luck shorting this baby while MACD-4H remains bullish... (though I admit this not seems a strong uptrend, but a retracement; however, it still has fuel for now).Ignored
Dislikedmate...go and read carefully the number that i am posting as well as what i did told....do u know retracement? and do you know an overall trend? if not then go to www.babypips.com n learn....
one more things i did mentioned 1.002 and not 1.02...read carefully...
good luck
gIgnored
DislikedMaybe 'cause is to expensive to hold a short position... Fundamentals are not on the side of the Aussie. China, floods... etc. I'm holding my short to 1.0010 then I'll close it. I'm targeting ~0.9600, but this kind of movement confuses me a bit.Ignored
DislikedIf your trading on a daily basis...in & out for a few pips...then that is not that hard at the mo, as its a "High Probability" you'll make some pips selling at close to 1.0015 and buying close to 0.9975!
However...there is more pips to be made on the longer term, especially as reality sets in on the kind of damage the flood has done to the economy, damage to the tourism trade due to "over-valued" Aus$, possible emergency rate cuts, China's monetary tightening.
You know troubles brewing when to limit market damage statements of less then...Ignored